ompletion Status (7.5 Grades) Hamad Town Company had the following balances in the stockholders' equity accounts Dec. 31.2000 - Common stock, 510 par, 50.000 shares authorized 30 000 shares issued and outstanding - Paid in Capital in Excess of Par Value, Common Stock $300 000 - Retained Earnings 200.000 500 000 The following transactions occurred during 2021 1 Feb 20Purchased 2,000 of its own shares for $ 15 per share 2. March 10. Declared a $1 per share cash dividend on the outstanding common stock 3. April 07 Paid the cash dividends declared en ch 10 4. May 20 Sold all treasury shares for $16 eac 5. Oct 1: Declared 10% stock dividends on the Sing common stock for the record of Nov. 1 und to be dished on Dec. 10. The was $14 per share. 6 Dec 10 Distributed the shares which declared on Oct. 1. 7. Dec. 25. Implemented a 2-for-1 stock split, when the market value of stock was $26 per share NOTE: If there is no entry..please write: "NO ENTRY" Required: Prepare Journal entries to record transactions that occurred during 2021 CLEARLY INDICATE THE DEBITS & CREDITS Example: on 1 January 2020, XYZ Company pays $10,000 cash to purchase and Answer: 1/1/2020 Dr. Land 10,000 Cr. Cash 10,000 For the toolbar, press ALT+F10 (PC) or ALT=EN+F10 (Mac). Arial 10pt BI y s Paragraph 111 A I. XOQ 2 (7.5 Grades) Hamad Town Company had the following balances in the stockholders' equity accounts at Dec 31, 2020 - Common stock, $10 par, 50,000 shares authorized, 30,000 shares issued and outstanding ..$300,000 - Paid in Capital in Excess of Par Value, Common Stock - Retained Earnings 200.000 The following transactions occurred during 2021: 500,000 1. Feb. 20 Purchased 2,000 of its own shares for $ 15 per share. 2 March 10: Declared a $1 per share cash divide Whoutstanding common stock 3 April 07: Paid the cash dividends declared earn 10. 4. May 20: Sold all treasury shares for $16 each 5. Oct. 1. Declared 10% stock dividends on the ouisianuing common stock for the record of Nov. 1 and to be distributed on Dec. 10. was $14 per share. 6. Dec. 10: Distributed the shares which declared on Oct. 1 7 Dec. 25: Implemented a 2-for-1 stock split when the market value of stock was $26 per share NOTE: If there is no entry, please write: "NO ENTRY" Required: Prepare Journal entries to record transactions that occurred during 2021 CLEARLY INDICATE THE DEBITS & CREDITS Example: on 1 January 2020, XYZ Company pays $10.000 cash to purchase land Answer: 1/1/2020 Dr. Land 10.000 Cr. Cash For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). 10pt B I Paragraph 10,000 V Arial 11! hp WEBCAP utes 38 seconds following balances in the stockholders' equity accounts at Dec 31, 2020: shares authorized 30.000 shares issued and outstanding. 300.000 Dave Common Stock 200,000 500,000 edwing 2021 shares for $ 15 per share cash dividend on the outstanding common stock clared early in March 10 516 each on the outstanding common stock for the record of Nov. 1 and to be distributed on Dec. 10, The market value of stock on Oct 1 eclared on Oct 1 it when the market value of stock was $26 per share te "NO ENTRY transactions that occurred during 2021 CLEARLY INDICATE THE DEBITS & CREDITS pays $10,000 cash to purchase and ac 111 2 IXO 8 0